Amendment to Investment Sub-Advisory Agreement Between Jackson national Asset Management, LLC and Capital Guardian Trust Company
EX 99.23(d)(197)
Amendment
to
Investment Sub-Advisory Agreement
Between
Xxxxxxx national Asset Management, LLC
and
Capital Guardian Trust Company
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Capital Guardian Trust Company, a California corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of December 3, 2007 (as amended, the “Agreement”), whereby Adviser appointed Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust.
Whereas, pursuant to the Agreement, the Adviser agreed to pay the Sub-Adviser for the services provided and the expenses assumed by the Sub-Adviser a sub-advisory fee as set forth on Schedule B to the Agreement, and the Sub-Adviser agreed to accept such sub-advisory fee as full compensation under the Agreement for such services and expenses.
Whereas, the Adviser and Sub-Adviser agree to amend the sub-advisory fees as forth on Schedule B to the Agreement to reflect fee reductions for all Funds.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
1.
|
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 15, 2010, attached hereto.
|
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 15th day of September, 2010.
Xxxxxxx National Asset Management, LLC
|
Capital Guardian Trust Company
|
By: /s/ Xxxx X. Xxxxx
|
By: /s/ Xxxxx X. Xxxx
|
Name: Xxxx X. Xxxxx
|
Name: Xxxxx X. Xxxx
|
Title: President and CEO
|
Title: President
|
Schedule B
Dated September 15, 2010
(Compensation)
JNL/Capital Guardian Global Balanced Fund
|
|
Average Daily Net Assets
|
Annual Rate
|
$0 to $400 Million:
|
.425%
|
Over $400 Million:
|
.375%
|
JNL/Capital Guardian Global Diversified Research Fund
|
|
Average Daily Net Assets
|
Annual Rate
|
$0 to $200 Million:
|
.50%
|
$200 to $400 Million:
|
.45%
|
Over $400 Million:
|
.40%
|
JNL/Capital Guardian U.S. Growth Equity Fund
|
|
Average Daily Net Assets
|
Annual Rate
|
$0 to $600 Million:
|
.34%
|
Over $600 Million:
|
.32%
|